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Quote from Michael Marcus

by Gav Leave a Comment

Michael Marcus discussed causes of financial disablement in Market Wizards: Interviews with Top Traders.

I think the leading cause of financial disablement is the belief that you can rely on the experts to help you. It might, if you know the right expert….Typically, however, these so-called “experts” are not traders. Your average broker couldn’t be a trader in a million years. More money is lost listening to brokers than any other way. Trading requires an intense personal involvement. You have to do your own homework, and that is what I advise people to do.

Filed Under: Rant, Trading Quotes Tagged With: Trading Quote

Reader Interactions

Comments

  1. Dave says

    at 2:22 pm

    Great quote, Gav! Thanks for sharing. I totally agree!

    Reply
  2. Dave says

    at 9:22 am

    Great quote, Gav! Thanks for sharing. I totally agree!

    Reply
  3. Gav says

    at 2:29 pm

    Hi Dave,
    Yeah. I have read Market Wizards again recently, and I’ve found it to be extremely useful to my trading now.

    Reply
  4. Gav says

    at 9:29 am

    Hi Dave,
    Yeah. I have read Market Wizards again recently, and I’ve found it to be extremely useful to my trading now.

    Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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